February 17, 2009 / 11:18 AM / 11 years ago

Medtronic to buy Israel's Ventor for $325 mln -media

TEL AVIV, Feb 17 (Reuters) - Medtronic Inc (MDT.N), the world’s largest stand-alone maker of medical devices, is planning to buy Israeli start-up Ventor for $325 million in cash, Israeli media reported on Tuesday.

Ventor, established in 2004, developed an aortic valve prosthesis that can be implanted on a beating heart without requiring open heart surgery.

According to TheMarker financial newspaper, the company has raised $20 million from venture capital funds and veteran medical device entrepreneur Shimon Eckhouse.

Officials at Ventor could not immediately be reached for comment.

A spokesman for Medtronic in Switzerland declined to comment on the report. (Reporting by Tova Cohen and Steven Scheer, editing by Will Waterman)

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